S&P Litigation Turnaround

S&P Weighs Restarting Talks on U.S. Suit

With new blood in the administration who were not there during the ratings scandals in 2008, S&P is rethinking its stubborn stance and leaning toward settling with the DOJ. The US has accused the S&P of recklessly giving toxic securities investment grade ratings in the time leading up to the crisis. The ratings agency has continually defended the ratings as first amendment opinions. Brazen emails about the securities between S&P staff show that some of them knew the ratings were inaccurate. The new management is looking to put this chapter in history behind them and possibly settle.